The New York State Common Retirement Fund (the Fund) holds and invests the money used to pay NYSLRS benefits. Employer contributions support the benefits earned by current and future retirees and are an important asset of the Fund.

Each November, we provide participating employers with an annual invoice of their employer contribution, which is due February 1 of the following year.

The annual invoice is calculated using:

• The employee earnings from the most recently completed State fiscal year; and
• The employer contribution rates for the retirement plans and optional benefits the employer offers.

The NYSLRS’ Actuary is responsible for determining required employer contribution rates.

For more information, including how contribution rates are determined, visit our Employer Contributions and Rates page.

Rev. 9/25